Daily Pivots: (S1) 1.2646; (P) 1.2699; (R1) 1.2739; More… GBP/USD is still bounded in range trading and intraday bias stays neutral. Another fall cannot be ruled out, but downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern has completed. Further rise […]
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UK retail sales volumes plunged by -0.7% mom in October, significantly underperforming expectations of a -0.3% mom decline. Also, volumes remained -1.5% below their pre-pandemic level in February 2020. On a broader basis, retail activity Read more…
Daily Pivots: (S1) 1.3944; (P) 1.3963; (R1) 1.3994; More… USD/CAD recovered after brief dip to 1.3930 and intraday bias stays neutral first. On the downside, break of 1.3930 will extend the corrective fall from 1.4104 Read more…
Daily Pivots: (S1) 0.6494; (P) 0.6514; (R1) 0.6530; More… AUD/USD is staying in consolidation from 0.6440 and intraday bias remains neutral. Outlook will stay bearish as long as 0.6687 resistance holds. On the downside, decisive Read more…